Recent Security Class Actions

According to the Complaint, Anaplan Inc. is a software company that provides a cloud-based connected planning platform to connect organizations and people. One of the most important financial metrics for investors in analyzing Anaplan’s performance is “calculated billings.” The Company defines calculated billings as revenue plus the sequential change in total deferred revenue as presented on the balance sheet. Calculated billings are used by investors to evaluate subscription businesses, such as Anaplan, that do not directly disclose billings as a part of their financial reporting.